precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … private savings can to some extent serve as a substitute for publicly provided unemployment insurance. -- unemployment … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that …

This paper explores the determinants of the level of, and trends over time in, Japan's household saving rate, with … finds that Japan's household saving rate has not always been high either absolutely or relative to other countries and that … it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan's household saving rate can …